demonetisation

It iwas  very scary to witness  the situation in the banks and before ATMs on December first week since, the salary receivers, the pensioners, small traders  and those who have exhausted the earlier drawn money had  queued up again . When will the government realise that, people are not interested in listening the endless rhetoric of the spokes persons of the BJP or the ministers and bureaucrats delivered through news channels about "long term gains and short term pains  since , they are totally cut off from the ground realities  or perhaps they are not subjected to any hardships , because of their privileged positions .

The RBI Governor who is the head of the money regulating body is totally silent and avoid explaining to the people , the reasons for the logistic failure in the smooth supply and distribution of cash which is the life blood of all the economic activities in India unlike the developed nations. He should list out the emergency measures which the RBI is going to introduce to meet the crisis situation , so that, some confidence  can be instilled in peoples mind . If he doesn’t have any such measures he should accept moral responsibility to the chaotic situation created, after the so called “surgical strike” and his failure to make perfect  arrangements  for the “post surgery” emergency situations and resign immediately . If he has not been consulted by the Chief executive of this nation in this major monetary operation in the name of secrecy , then that is yet another apt reason  for him to resign. Now we understand why Raguram Rajan gave up his post.  India can not be converted into a cashless economy and digital economy over night  through a revolutionary methods . Evolutionary methods only will work out in a nation which is dominated by illiteracy and  poverty . History has taught us many lessons about the consequences of revolutionary methods .